Business – Page 563

Is 2025 Worse Than 2022 For Crypto? Nic Carter and Kevin McCordic offer differing views

On November 14, Monad’s Kevin McCordic and investor Nic Carter offered opposing reads on crypto’s 2025 crash, split on whether it’s routine consolidation or a light catalyst. McCordic, director of growth at the Monad Foundation, who is an “intern” at X, argued that today’s tremors are modest compared to 2022, when credit lenders failed, exchanges […]

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Harvard Endowment Takes Rare Leap into Bitcoin with $443M Bet on BlackRock’s IBIT

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Harvard University’s endowment has disclosed a $443 million equity stake in BlackRock’s iShares Bitcoin Trust (IBIT), making the fund’s largest known equity position in a spot bitcoin exchange-traded fund. According to the university’s most recent 13F filing with the US Securities and Exchange Commission, the investment fund held 6.8 million shares of IBIT as of

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Alibaba Uses JPMorgan’s Blockchain for Tokenized Dollar and Euro Payments: CNBC

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Alibaba’s global business-to-business platform is moving to streamline cross-border payments using tokenized versions of major currencies, part of a broader shift toward blockchain-based settlement in global trade. Kuo Zhang, president of Alibaba.com, told CNBC that the platform plans to start using tokenized deposits backed by fiat currencies like the US dollar and the euro. The

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What’s in the New Draft Crypto Market Structure?

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The Senate Agriculture Committee released its own draft of a draft market structure bill that addresses digital commodities and how the Commodity Futures Trading Commission could oversee this sector of the crypto market. You’re reading State of Crypto, a CoinDesk newsletter that looks at the intersection of cryptocurrency and government. Click here to sign up

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Negative biases at the end of 2022 levels

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For months now, bitcoin has followed a frustratingly familiar pattern for bulls: seemingly overcorrelated with the Nasdaq 100 when the stock gauge went down, but lost almost all correlation when the leading technology index moved higher. This week proved no different, with the Nasdaq down 2% on Thursday and bitcoin falling twice as much. Friday

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Market slips into ‘extreme fear’ after BTC fails to hold $100,000

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Sentiment in the crypto market has worsened sharply, with the Fear and Greed Index falling to 10, a level indicating “extreme fear”, marking a nearly nine-month low as it is the lowest reading since late February. The dip in sentiment follows a week of losses across major cryptocurrencies, led by bitcoin’s drop to just below

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Tether looks to jump into robotics with reported $1 billion investment in the German startup Neura

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Stablecoin giant Tether is in discussions to lead a 1 billion euro ($1.16 billion) funding round for Neura Robotics, a German start-up developing AI-powered humanoid robots. The potential deal would value Neura between €8 billion and €10 billion, the Financial Times reported, citing sources familiar with the talks. If completed, the investment would represent a

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Can crypto trading ever recover from October’s liquidity crash?

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Crypto markets may look calmer after October’s deleveraging of leverage, but beneath the surface liquidity remains absent. Data from CoinDesk Research shows that order book depth across major centralized exchanges remains structurally lower, suggesting a more cautious market-making environment heading into year-end. This environment paves the way for thinner markets and sharper movements, increasing the

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How Low Can Bitcoin (BTC) Price Fall? Analyst sets $84K as Downside target

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Bitcoin BTC$97,014.68 saw no rejection on Friday and held at a low below $95,000 late in the US day after a tough week that dragged prices to their lowest since May. The biggest cryptocurrency is once again underperforming US stocks, with major US indices holding on to minor gains a few minutes before the end

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AAVE falls 7.8%, leading index lower

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CoinDesk Indices presents its daily market update highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3051.08, down 2.6% (-80.64) since 4 PM ET Thursday. Three out of 20 assets are trading higher. Leaders: DOT (+1.2%) and APT (+1.0%). Lagging behind: AAVE (-7.8%) and UNI

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